By Wendy Van Sickle
Columbus, Ohio, May 3 – Citigroup Global Markets Holdings Inc. priced $10.54 million of 0% Performance Leveraged Upside Securities due Aug. 5, 2019 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par of $10 plus 300% of any fund gain, up to a maximum return of 18%.
Investors will be exposed to any losses.
Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is acting as a dealer.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Performance Leveraged Upside Securities
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Underlying fund: | Financial Select Sector SPDR fund
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Amount: | $10,543,840
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Maturity: | Aug. 5, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any fund gain, up to a maximum return of 18%; investors will be exposed to any losses
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Initial price: | $27.45
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Pricing date: | April 30
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Settlement date: | May 3
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Underwriter: | Citigroup Global Markets Inc.
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 17325K425
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